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Crush Margin Estimates for Cottonseed in Main Producing Regions of China--1/26/2021

2021-01-26 www.cofeed.com
Regions Income (CNY/tonne) Expenditure  (CNY/tonne) Margin
Oil Meal Hull Linters Total Cottonseed Crushing
Northwest Shandong 7,700  3,450  1,800  4,100  3,173  3,180  220  -227 
Southwest Shandong 7,750  3,450  1,800  4,300  3,184  3,180  240  -236 
Hebei 7,800  3,550  1,800  4,200  3,205  3,200  200  -195 
Henan 8,000  3,600  1,800  3,500  3,079  3,000  220  -141 
North Xinjiang 7,100  2,900  1,250    2,878  2,620  180  78 
South Xinjiang 7,000  2,950  1,150    2,860  2,650  190  20 
National Average 7,720  3,370  1,850  3,950  3,060  3,160  210  -311 
Remarks
1. Cottonseed is calculated by the market price.
2. Delinted cottonseed in Xinjiang, and raw cottonseed in other regions.
3. Total Income includes soapstock.
4. The margin estimate is calculated by intraday cottonseed prices, so the cost may have some difference if mills use their stockpiles.
5. National Average is the average of all provinces in China.